While Vijay Mallya is sits in London, mulling the right time for him to return to India, cases against him are piling up from several agencies and parties, all in a bid to recover their dues from the loans given to the once high-flying Kingfisher Airlines and United Breweries.
On March 18, Mallya was given more time by the Enforcement Directorate to appear for a hearing in Mumbai in the case of money laundering that led to the default of a loan given by IDBI. Now, he's been summoned to appear before the court on April 2.
Seventeen Indian banks led by the State Bank of India (SBI) had lent over Rs 7,000 crore to Kingfisher Airlines and United Breweries. After years of pursuance, SBI, United Bank of India and Punjab National Bank have declared SBI) had lent over Rs 7,000 crore to Kingfisher Airlines and United Breweries. After years of pursuance, SBI, United Bank of India and Punjab National Bank have declared Mallya a wilful defaulter.wilful defaulter.
30/03/16 Hitisha Jain/Daily News & Analysis
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On March 18, Mallya was given more time by the Enforcement Directorate to appear for a hearing in Mumbai in the case of money laundering that led to the default of a loan given by IDBI. Now, he's been summoned to appear before the court on April 2.
Seventeen Indian banks led by the State Bank of India (SBI) had lent over Rs 7,000 crore to Kingfisher Airlines and United Breweries. After years of pursuance, SBI, United Bank of India and Punjab National Bank have declared SBI) had lent over Rs 7,000 crore to Kingfisher Airlines and United Breweries. After years of pursuance, SBI, United Bank of India and Punjab National Bank have declared Mallya a wilful defaulter.wilful defaulter.
30/03/16 Hitisha Jain/Daily News & Analysis
